Satellite Workspace Limited (SC205435): administration
- Status
- Administration ended
- Administration began
- 2012-06-19
- Administrators
- Gerard Anthony Friar, Blair Carnegie Nimmo
- Administrators' firm
- KPMG
- Incorporated
- 2000-03-24
- Location
- Aberdeen
- Industry
- 41100 Development of building projects
Why it went into administration
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 24 March 2000 and began trading immediately as a property development business.
We understand from the Company director that during the period of trading, the Company did not have trading premises and operated from the directors’ residential address, with the registered office address being the Company’s external accountants. We also understand that the Company did not have any employees throughout the period .of trading.
During 2007 and 2008, the Company purchased five residential properties in Dundee city centre in order to renovate the properties for immediate sale.
Administrators' statement of proposals (2012-08-16) · Companies House register